for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

Mark

I was thinking the same with regards to penalties. I'm pretty sure there isnt anything in this ASDA contract (not 100% though!), but I bet if anything is drawn up with Walmart there will be.

I'm sure though they'll be in a better position for future conversions after this ASDA business as it sounds like lessons have been learnt, but it does make you think, and it doesnt fill you with confidence.

95% of what's been written on here this morning is pure bilge.

95% of what's been written on here this morning is pure bilge.

Alan

LOL! Thats exactly it!! Its smokescreen-like AGAIN!

We really need clear, well written, 1+1=2 kind of description of what is going on, rather than all these references to aspects of the business the board seems to expect us to know about!

I dont think honestly that there is a looming black hole thats being hidden, they just dont do themselves any favours with writing it up like they do.

great analysis and fortright insight into the results biscuit

Mmm yes Alan, makes the minimum of sense in a way! I just hope that SEO can pull their fingers out over announcing a whole raft of machines being commercialized before July otherwise I will feel that they may be prepared to ditch Greenseal altogether, in favour of flat out commercialization of Starpol 2000/3000. But hey! that wouldn't be so bad!?
kim

Biscuit -28 Feb 2006 08:12 - 15207 of 15262
Disappointed? What exactly where you expecting? Good steady progress, that's what I read.


Good steady progress? I dont read that at all Biscuit.

There is one way to find out what is really going on and that is to ask them! They are out of the closed period now so should be responsive to questions?!?. SO I tried to phone them, but can't get through! I will keep trying.
kim

Go, Kim, Go..................

HI BUGZ,

asda and walmart and all other big operators are notorious for applying scathing penalties on suppliers who dont supply what they want when they want it.
these huge operators can afford to do this as all the suppliers are desperate to deal with them because of potentially huge contracts for suppliers ,i cant see them treating seo any differently from any other supplier who didnt deliver on time.

regrds

mark

Look at it another way, SEO are New Labour and i leave it to you to name Blair and the spin doctors at SEO.

Mark

Perhaps. I don't know, but I'm not expecting it. I think if it were not in a trial period (and development) then yes, but I dont think that can be applied in this case. After all, ASDA must have realised that they were signing up to a product that hadnt been tested in a commercial setting.

Thanks for the e-mail, whoever sent it, but I can't reply cos I don't know who you are!!!
Alan

Why all the doom & gloom today? Was every-one expecting some sort of miracle. We all expected the results to show a loss.

I recall HW saying it was going to take 2/3 years before we started to see any positive results. Have held since 5p in the belief this co will become a global player & still see no reason to change that view. (AIMHO of course)

jtf

SEO , ASDA are trying to acquire 200 WOMD [ Greenseal ], ASDA [ Iraq ] we only want 2, SEO,we have a RNS that says you want 200 inside of a year and that poses a threat to other companys, SEO shareholders [ MP's ], SEO as sexed up the RNS. Oh well that passed a few minutes.

Just In, The Result are a bit disappointing and there is confusion over the 2 machines currently being Commercialised SEO does need to be contacted to clarify, having said that we know this is a long term hold the future prospect for SEO are huge these shares are for the bottom draw, the sp will respond when the orders start rolling in.

Research page updated with these main points for the intro to the RNS.

51) Stanelco FY Results 28/02/2006

CHAIRMAN'S STATEMENT

The Board's strategy over the last year has been to continue the transformation of the Group from a manufacturer and supplier of capital goods into an
intellectual property business. This allows the Company to exploit the Group's core technologies in Radio Frequency Technology, RF Applications and
Biodegradable starch film material directed at the international packaging industry.


MANAGING DIRECTORS STATEMENT

The Group has been in a transitional phase, which is now coming to an end. There have been significant strides forward in this time with regard to GREENSEAL and our biodegradable product offerings, which are new, groundbreaking, innovative and exciting. The opportunities for commercialisation are substantial and as a result we have attracted the attention of some of the largest companies in the world. We believe 2006 will be the year that we commence full commercialisation of these technologies. In order to satisfy likely market demand for our biodegradable materials it will be necessary to build a number of manufacturing plants referred to as micro manufacturing facilities

I would like to give some indication of our potential market, especially in the US. We are evaluating one tray, for one customer that has a current usage of 1.5 billion units per annum. Each tray weighs approx 50 grams and therefore consumes around 75,000 tonnes of (non-environmentally friendly) plastic a year. It would require between 500 and 600 tray lidders to seal just these trays. We are able to offer a complete solution through the supply chain.

CHIEF EXECUTIVE'S STATEMENT OUTLOOK

In light of the progress on all fronts but in particular in relation to the commercialisation of GREENSEAL, Starpol and Biotec products we continue to view
the forthcoming year with optimism. We now have several major technologies and products, which are starting to reach their target markets.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread

Well then Bugz I would suggest you sell your shares (if you own any) and move on. I don't understand why anyone would keep posting how unhappy they are with a share, oh hang on, unless they have a short position. Never trust a shorter.

oh come on , biscuit!! being honest about a company, discussing its shortfalls and positives, doesn't mean you are short. if all we are going to do is go on about how wonderful seo is this bb becomes meaningless. the results are crap. we are promised more jam tomorrow. that was expected by all. what has really disappointed me and several others is the fact that there has been no further progress on greenseal. surely the machines had actually gone through testing before installation?? didn't asda do extensive trials before signing up to the commercial deal?? what the f*ck has gone wrong??? i did say that there have been no further announcements re greenseal because there have been no more conversions. i was wrong about that. in fact, there have been less than the 5 we got told about last bleeding august. the point i am trying to make is that it really doesn't matter about the jam tomorrow if seo cannot deliver today and that is being reflected in the sp. think about it. we have had one positive announcement after another and all the sp has done is bob between 14p and 18p. surely it's obvious that seo need to deliver on greenseal before credibilty is restored.
also, someone mentioned why there has been no further announcements re the asda/starpol trials. going off seo's past record they go very quiet when trials are not successful. it is looking likely that this is the case here. maybe this is what they were thinking off when they mentioned two steps forward one step back. that's how i see it.
in saying all this i did buy back in early this morning as i feel that most of the negatives are now out in the open and in the sp. the price has shown good support at around 14p and i also think it wont be too long before seo announce something positive to sweeten these results. there are a lot of positives, not least the advance discussions with walmart. hopefully we wont have to kiss walmart's arse for over a year like natureworks had to before a deal is announced.

Bos
I cannot believe that there have only been two conversions I think it was announced a short while ago that there was seven, could it be that the two machines SEO are on about are purpose build machines and not retro fits after all.

I have email SEO for an explanation.

I've e-mailed the exact same question, Driver. Kim is phoning them too so perhaps we may get that one cleared up.
I am still convinced that commercialization is different to installing. If it isn't them I'm as ticked off as Bos.
Alan